Cisco - Asia Tech Wire

Cisco

2024.12.30

20:28

Hiseco: Two new indications for 44,500 tablets of innovative drug HSK were accepted

Hiseco announced that its subsidiary Shanghai Hiseco Pharmaceutical Technology Co., Ltd. recently received the "Acceptance Notice" from the National Medical Products Administration, involving two new indications for the innovative drug HSK 44,500 tablets: psoriasis and atopic dermatitis. At present, HSK 44,500 tablets has obtained clinical trial notifications for "interstitial lung disease" and "Behcet's disease" and is undergoing Phase I clinical research. HSK 44,500 tablets is a small molecule drug independently developed by the company, with independent intellectual property rights, clear targets, definite efficacy, good safety, and broad prospects for clinical application.

2024.12.06

03:15

The U.S. chip index fell more than 2%. A magnitude 7 earthquake occurred in California, which may trigger a tsunami.

The Philadelphia Semiconductor Index fell more than 2%. When the USGS reported that a 7.0-magnitude earthquake occurred 99 kilometers west-southwest of Ferndale, California, and PTWC was worried about a tsunami, Synopsys fell 12.5%, Wolfspeed fell 8.1%, Intel fell 5.4%, Applied Materials fell 5.2%, Microchip Technology fell 4.6%, Marvell Technology fell 3.4%, Nvidia fell more than 0.2%, TSMC ADR rose about 1.7%, and Navitas Semiconductor rose 17.6%.

2024.12.05

22:32

U.S. stocks open: three major indexes rise and fall

The three major U.S. stock indexes rose and fell, with the Dow Jones Industrial Average down 0.01%, the Nasdaq up 0.1%, and the S&P 500 up 0.02%. Bitcoin broke through $100,000, setting a new record high. Cryptocurrency concept stocks rose sharply, with MicroStrategy up more than 9%, Canaan Technology up more than 7%, and MARA Holdings up more than 5%. Synopsys fell more than 6%, and its Q1 performance guidance was lower than expected.

2024.12.04

16:15

Hiseco: HSK46575 tablets approved for clinical trials

Haisike announced that its subsidiary Tibet Haisike Pharmaceutical Co., Ltd. recently received the "Notice of Approval for Drug Clinical Trial" issued by the State Food and Drug Administration. HSK46575 tablets are an oral, potent and highly selective small molecule inhibitor intended for the treatment of prostate cancer. Preclinical study results show that this product has a clear target, definite efficacy and good safety. It is a small molecule drug with great development potential, a high benefit/risk ratio in clinical application, and broad clinical application prospects. It is expected to become an effective treatment for prostate cancer and solve the current problem of lack of clinical drugs.

2024.12.03

07:40

TF Securities: Domestic demand stimulates product cycle resonance, consumer electronics industry chain attracts attention

According to a research report by Tianfeng Securities, the consumer electronics industry chain has ushered in development opportunities due to policy stimulus and product cycle resonance. Jiangsu Province has introduced a 3C product subsidy policy, and Guizhou has expanded the scope of support for old-for-new exchanges, promoting the release of consumer electronics demand. Apple's new round of product cycles is about to start, and innovations such as iOS18.2 will catalyze the improvement of AI experience. Investment advice is to pay attention to companies related to the Apple and Android industry chains, including Luxshare Precision, Lens Technology, and BYD Electronics, and consumer electronics brands include Transsion Holdings and Xiaomi Group. The consumer electronics industry has a promising future driven by policies and innovations.

2024.09.20

10:03

Cisco begins layoffs in China, 300 Dalian employees hit first

Asia Tech Wire (Sep 20) -- U.S. network equipment giant Cisco Systems Inc. has recently begun layoffs in China after announcing a global layoff of 7% in August.

2024.08.12

07:08

Cisco to make second round of layoffs this year

Asia Tech Wire (Aug 12) -- U.S. networking equipment maker Cisco will lay off thousands of workers in its second round of layoffs this year, as the company's focus shifts to high-growth areas such as cybersecurity and artificial intelligence.

2024.06.05

02:50

Cisco launches $1 billion global AI investment fund

Asia Tech Wire (June 5) -- The global corporate venture capital arm of U.S. tech giant Cisco Systems Inc (CSCO: NASDAQ) on Tuesday launched a $1 billion artificial intelligence investment fund to support the startup ecosystem and expand the development of artificial intelligence solutions.

2021.06.25

11:30

Japan's Rakuten to use Cisco's new technologies for 5G, IoT services

Rakuten Mobile said on Friday that it plans to use new routing technologies from Cisco Systems Inc (CSCO: NASDAQ), an American network gear maker, to expand its capacity to support business customers with 5G and so-called Internet of Things (IoT) services.

2021.04.26

13:05

Cisco & Intel: Global chip shortage to last for a longer period of time

Semiconductor supply chain disruptions have dramatically affected many technology companies, and the global shortage of semiconductor chips is causing a serious impact on industries such as consumer electronics.

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